# SWITHCHWON Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swithchwon-co

- Industry: Financial Services
- Headquarters: Busan, South Korea
- Website: www.switchwon.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Apr 1, 2022)
- Investors on record: 4

## About

Founded in 2021, and based in Busan, South Korea, SWITHCHWON Co., Ltd. operates as a currency exchange service provider. In August 2023, SWITHCHWON Co., Ltd. raised KRW 1.7 billion in pre-series A funding led Daekyo Investment, with participation from Infobank.

SWITHCHWON provides its customers with a free mobile application that enables them to pay and convert foreign currency for minimal forex expenses, and without any commission or cap limit. The company’s mobile application is available for both Android and iOS.

The company plans to use the August 2023 funding to hasten its entry into overseas markets.

## Funding rounds

- Seed, Apr 1, 2022 — Korea Tech Incubator for Startup, Busan United Holdings
- Seed, Mar 25, 2022, $0.9M — Posco Investment, Busan United Holdings, Rising S Ventures

## Investors

- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Seed
- Busan United Holdings (https://capitalatlas.ai/funds/busan-united-holdings) — Seed
- Rising S Ventures (https://capitalatlas.ai/funds/rising-s-ventures) — Seed
- Korea Tech Incubator for Startup — Seed